He lso mentioned that the next handset will come from new software services that bring together Apple's Passbook; a Touch ID fingerprint sensor; and Apple's new iBeacon technology.

The Wall Street Journal went even further today reporting that Apple is developing a pair of new iPhones with larger displays. Both phones will reportedly be made of metal but will not feature curved displays, as it was recently rumored by Bloomberg. Apple is expected to scrap the plastic exterior used in the iPhone 5C, the report added.